🚨🚨Global Equity Markets Today 30 JAN
US markets showed mixed performance, with the Nasdaq rebounding 2% led by tech stocks like Nvidia (+8%) recovering from recent losses. The S&P 500 rose slightly to 6,019.42, supported by megacaps such as Apple (+2.5%), while the S&P 500 Equal Weight Index closed flat, indicating concentrated selling in large-cap tech. Boeing surged 6% despite reporting its worst annual loss since 2020, while General Motors slid 8.2% despite strong earnings guidance. In Asia, the Hang Seng fell 1.2% due to China’s property sector concerns, while Europe’s DAX rose 0.5% on stronger industrial data.
Forex & Central Banks
The USD held steady at 105.0 ahead of the Fed’s rate decision, with markets expecting rates to remain unchanged but watching for signals on future cuts. The EUR/USD tested support at 1.0700 amid ECB rate-cut expectations, while the USD/JPY consolidated near 155.22 with bearish momentum dominating.
Commodities
Oil prices rose to $81/bbl, supported by colder weather and tighter sanctions on Russian/Iranian oil, though oversupply risks remain. Gold edged up 0.76% to $2,762.19, nearing record highs as geopolitical tensions and Fed policy uncertainty boosted safe-haven demand.
Key Events & Data Today
The Fed is expected to hold rates at 5.25–5.50%, with focus on Powell’s commentary about inflation progress and tariff-related risks. US Jobless Claims are forecast at 235K (prev. 238K), and Eurozone CPI is expected at 2.5% (core). Earnings from Microsoft, Meta, Apple, and Tesla later this week will likely drive tech sector momentum.
Key Risks & Trends
Tech sector volatility persists as AI-driven stocks face pressure from cost-efficient models like DeepSeek’s. Tariff concerns loom as the US may impose new tariffs on imports, potentially worsening inflation. Geopolitical tensions, including sanctions on Russian oil, could disrupt global supply chains. China’s economic data, including PMI and holiday consumption figures, may weigh on Asian markets and commodity demand.
Notable Stock Movements
Starbucks rose 3.2% post-market after reporting a smaller-than-expected 4% drop in same-store sales. Royal Caribbean jumped 7.9% on strong profit forecasts, while Lockheed Martin fell 8.5% due to weak guidance.
Technical Outlook
The S&P 500 remains neutral near 6,000, with key support at 5,450 and resistance at 6,100. Bitcoin holds $62,000 amid ETF inflows, with resistance at $65,000 and support at $60,000. AUD/JPY shows bearish momentum below 98.848, with a break below 97.394 potentially triggering further declines.
Conclusion
Today’s market dynamics hinge on the Fed’s messaging, tech earnings, and geopolitical developments. Investors should monitor tariff announcements, oil supply risks, and China’s PMI data for directional cues. Tech remains a focal point, with valuations under scrutiny amid AI innovation and regulatory shifts.
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